# ASC 305-946: Cash and Cash Equivalents — Financial Services—Investment Companies Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/305/946/) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:24:17.692Z to 2026-09-09T23:24:27.229Z Record version: sha256:d2b5b0eca9ad8d8fff37904ea32438411ae29e053b9a01c71fd1dfb5a71b573b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 305-946: Cash and Cash Equivalents — Financial Services—Investment Companies ### Machine-generated study aids ```json { "summary": "ASC 305-946 was the investment-company-specific guidance on cash and cash equivalents. Every remaining paragraph (05-1, 15-1, 45-1, 45-2) was superseded by Maintenance Update 2017-21, so the subtopic contains no substantive guidance today. Investment companies now look to the general cash guidance in ASC 305 and to the presentation and disclosure requirements in ASC 946.", "key_points": [ "All content of this subtopic — overview (305-946-05-1), scope (305-946-15-1), and other presentation matters (305-946-45-1 and 45-2) — was superseded by Maintenance Update 2017-21.", "Because no paragraphs remain in force, there is no industry-specific recognition, measurement, or presentation rule for cash and cash equivalents unique to investment companies in ASC 305.", "General cash and cash equivalents guidance in ASC 305-10 applies to investment companies absent superseded industry guidance.", "Investment company financial statement presentation and disclosure requirements, including the statement of assets and liabilities and schedule of investments, are found in ASC 946.", "Maintenance Updates are non-substantive Codification changes; the supersession here reflects cleanup rather than a change in accounting policy." ], "categories": [ "Presentation", "Industry-specific", "Transition and effective dates" ], "audience_level": "introductory", "student_note": "This is an empty shell subtopic — the only thing to know is that its guidance was removed by Maintenance Update 2017-21. The common error is citing 305-946 as live authority for investment company cash presentation; cite ASC 305-10 and ASC 946 instead.", "related_topics": [ "305-10", "946", "946-210", "230" ], "key_concepts": [ "cash and cash equivalents", "investment companies", "superseded guidance", "industry-specific guidance", "financial statement presentation" ] } ``` Source downloaded (UTC): 2026-09-09T23:24:17.692Z to 2026-09-09T23:24:17.692Z Record version: sha256:95fa8b8992cf48f540862142ea7ae0c5d9546ded0043b0fc69d2163f5dc95fea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 305-946-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/305/946/#00-status) SEC content: no ##### [305-946-00-1](https://asc.understandingaccounting.org/asc/305/946/#305-946-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:24:17.692Z to 2026-09-09T23:24:17.692Z Record version: sha256:57b850e01002e20e891e2fa037b4a7b56ce00ea5a4be2aff4f4cbb779be1f880 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.

Paragraph	Action	Accounting Standards Update	Date

946-305-05-1	Superseded	Maintenance Update 2017-21 (PDF)	12/22/2017
946-305-15-1	Superseded	Maintenance Update 2017-21 (PDF)	12/22/2017
946-305-45-1	Superseded	Maintenance Update 2017-21 (PDF)	12/22/2017
946-305-45-2	Superseded	Maintenance Update 2017-21 (PDF)	12/22/2017

Source downloaded (UTC): 2026-09-09T23:24:19.355Z to 2026-09-09T23:24:19.355Z Record version: sha256:60ddb7f282de5a231dab397e706a1048a12ec463cef151a1431cd80bcf334bab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 305-946-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/305/946/#05-overview-and-background) SEC content: no ##### [305-946-05-1](https://asc.understandingaccounting.org/asc/305/946/#305-946-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:24:19.355Z to 2026-09-09T23:24:19.355Z Record version: sha256:0c4ae1b08325ed653abcbb84ed1a71d9417c2be076119cfb49cea24f96130c0d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update 2017-21.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/) Source downloaded (UTC): 2026-09-09T23:24:23.455Z to 2026-09-09T23:24:23.455Z Record version: sha256:b4b5d6571fe77f6a2d067cb0ea5a00f0d0e71b067600b2adaef2788f00aebc12 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 305-946-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/305/946/#15-scope-and-scope-exceptions) SEC content: no ##### [305-946-15-1](https://asc.understandingaccounting.org/asc/305/946/#305-946-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:24:23.455Z to 2026-09-09T23:24:23.455Z Record version: sha256:8182949286f2e367d8e8e9d25d9285177c425419b5c6646a23f653824858a7b7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update 2017-21.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/) Source downloaded (UTC): 2026-09-09T23:24:27.229Z to 2026-09-09T23:24:27.229Z Record version: sha256:380b21740ffe3c90e1db9eb41b6147967dfb4b5ccfc781b3c759d55807d79d5d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 305-946-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/305/946/#45-other-presentation-matters) SEC content: no ##### [305-946-45-1](https://asc.understandingaccounting.org/asc/305/946/#305-946-45-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:24:27.229Z to 2026-09-09T23:24:27.229Z Record version: sha256:acdd8aa0e14d2959a8f56875d130b8e38b708fdd3407faef83da48450a677b3b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update 2017-21.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/) ##### [305-946-45-2](https://asc.understandingaccounting.org/asc/305/946/#305-946-45-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:24:27.229Z to 2026-09-09T23:24:27.229Z Record version: sha256:630edc301e404172674ddeefa5d8bcce9fdc1c57980feb1dff2b0c352a7f4e05 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update 2017-21.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/)